Inflation Expectations down again in March before Federal Budget in early May

Australians aged +14 expect inflation of 4.3% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for March 2018. This is down 0.1% from a month ago, the second straight monthly fall, and also down 0.1% from March 2017. Inflation Expectations have now fallen for two consecutive months for the first time since June 2017 and are lower year over year for the first time since December 2016. Following these consecutive decreases Inflation Expectations are now well below the seven-year average of 5.0%. Analysing Inflation Expectations by political affiliation shows that ALP supporters are driving the fall, with the Inflation Expectations of L-NP supporters unchanged on a year ago and Greens supporters now with slightly higher Inflation Expectations.

CORPORATESROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS